Stronger STO Trend in Germany: Blockchain Based Stock Period Begins

I Kriptokoin.co – A trend that is secretly enlarged in the world of crypto money is that the traditional financial institutions will start to follow in the near term, tokenize the shares and blockchain-based l crypto share para period.

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As we have reported in the past few weeks, the block chain-based shares, which came into force in Luxembourg, were legally equivalent to traditional shares. In addition, another country with a focus on innovation is working on Security Token Offerings (STO) in Israel, and regulators have already announced that they are looking at the idea of ​​ings crypto shares çalış under the law.

Sascha Ragtschaa, the founder of Chainium, predicted that the STO industry will grow by 2600 percent in the next 5 years, from $ 1 billion to $ 2.6 trillion, while Germany joined the crypto share train last.

German Ministry of Finance Introduces Regulations

Those who take the first step in the innovation flow have great difficulty, but then the strengthening trend forces all competitors to take this step. That's why HTC's blockchain step has triggered Samsung, Samsung has already introduced its crypto-wallet-supported phone, which we can expect to soon impact on Apple.

In the strengthening STO trend, the steps taken throughout Europe have affected Germany and the German Finance Ministry made statements about the steps to be taken for the blockchain based share.

Coin Telegraph'da according to the report in the report of the electronic stock concept and crypto tokens are being introduced by the Ministry of Finance. It is stated in the document that electronic shares should be compatible with technological developments and crypto shares supported by block chain and distributed notebook technology can be created.

On the other hand, it is stated that the crypto tokens will be subjected to a different legislative process from the shares and the studies will continue to determine the risks that may occur during the ICO process of the crypto tokens.

Germany's last steps are being implemented as a follow-up of the country's strategy to become a leader in the fintech world. The German government announced recently that it will release the country's blockchain strategy in mid-2019.